Equity Method At mid-year, National Steel Fabricators, Inc. purchased a 45% ownership interest in Keystone Consolidated, Inc. for $40 million. At year-end, Keystone reported an operating loss of $6 million, of which only $2 million related to the second half of the year. Despite the operating loss, Keystone paid its regular quarterly dividend of $1 million in both the third and fourth quarters. Required 1. Calculate the income statement effect for National Steel at year-end associated with its investment in Keystone. $ 0 X 2. Calculate the book value that National Steel should record on its balance sheet for its investment in Keystone at year-end. $ 0 x